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A bond issued by one party, the surety, guaranteeing that he will perform certain acts promised by another or pay a stipulated sum, up to the bond limit, in lieu of performance, should the principle fail to perform.
Definition source: English Wiktionary via Wiktextract
Topics: law
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
In a criminal case, the surety (or bail) bond assures the appearance of the defendant or the repayment of bail forfeited upon the defendant's failure to appear in court.
Definition source: English Wiktionary via Wiktextract
Topics: law
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
a bond given to protect the recipient against loss in case the terms of a contract are not filled; a surety company assumes liability for nonperformance
Definition source: Princeton WordNet 3.0
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: performance bond
Antonyms: none provided
Broader terms: bond, bond certificate
No etymology was provided for this word.